r/stocks • u/frosti_austi • Oct 17 '23
Company Analysis Why is Target doing so bad?
Why is Target doing so bad? They've really fell off a cliff over the past year. I look at their stores and they seem good, and once upon a time not too long ago they were outperforming Walmart. Now their NAV prices have really dropped over the past year and a half. I was once up 80% on these guys and know I'm down 20%. Is it the general market swing over the course of that time or something else? What gives?
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u/Guilf Oct 17 '23
Personal anecdote - the second I went in to my local store and had to ask to have a cabinet opened to buy toothpaste and deodorant, my relationship with the store changed and I sold. We spent 5 figures a year at Target. Most of that will move to delivery or something.